The improving condition of the att...

The improving condition of the attribute marketplace is a welcome change. Years of premium decreases have left chiefly companies with books of quality business that are underpriced, sometimes extremely

While this market certainly allows for price increases--some significant--it should not be the single focus of the property underwriter. The malleable market of the 1990s not merely pushed prices to extremely cheap levels; it also allowed for the potentially debilitating relaxation of underwriting standards.

So while insurers are excited at the scenerys of writing business at significant price increases, they should use this hard market to gain their books ...